The Future Capital Bitcoin Fund has been backed with $30 million from an Australian based company, allowing FCBF to invest the money into start up Bitcoin businesses as well as in exchanges and similar. FCBF is led by the digital entrepreneur, investor and fund manager Domenic Carosa, who will be in charge of sourcing opportunities globally, who are all Bitcoin or cryptocurrency related.
Carosa believes that Bitcoins and cryptocurrencies in general can change the way we do financial transactions in the world and points to that as the reason for the fund. "The power to create new modes of financial connectivity, seamlessly across borders,” he explained.
The fund is in operation from this May and is currently looking for investors that are willing to pay in USD, AUD, RMB and Bitcoins as well as looking for companies interested in being invested into. The team behind FCBF has been involved in more than 100 start up companies as well as four previous funds and has raised more than $150 million as well as growing businesses to revenues of $10-$100 million.
"This is a very exciting opportunity for global investors to participate in the Bitcoin ecosystem via Future Capital’s Bitcoin Fund," Carosa said. All applications will be reviewed by the investment manager Holger Arians as well as fund manager Remco Marcelis. All applications will be handled seriously by the company, as they are looking into making profits where ever it is possible.